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Sujit Kumar
Nov 2, 2021
by Sujit Kumar

Hashbon Rocket: Know Everything About the Real Decentralized Cross-Chain Exchange

Hashbon Rocket

Table of contents

  1. The Inception of Hashbon Rocket
  2. The Process of Exchange of ERC-20 Tokens to BEP-20 Tokens
  3. What Special Hashbon Rocket Got?
  4. Learn More About HASH Token
Ever wondered if you can transfer one ERC-20 token for another ERC-20 token without worrying much about the Ethereum gas fees, the price of which has been touching the sky lately? Well, we understand that you won’t have wondered this as this is too convincing and relieving to be true. There is a reason why Ethereum will probably never be able to satisfy your transfer costs, and it is because of the blockchain being operating at its bandwidth limit, causing the gas prices to rise significantly. This is troublesome right? It makes it nearly out of the comfort zone of ordinary users. As a result of this, a notable shift of users was witnessed from the Ethereum blockchain to the Binance Smart Chain (BSC) which ultimately contributed to the rise of the popularity of the BSC. Hence, it was seen that a lot of projects were releasing the updated versions of their token on the Binance Smart Chain, to avoid the high gas fees of Ethereum.

In the decentralized exchange Uniswap, you will be able to exchange one ERC-20 token for another ERC-20 token, however, it is still not possible for Uniswap to exchange any ERC-20 token for any BEP-20 token and vice versa. This is where the real problem comes in, as popular decentralized exchanges like Uniswap and PancakeSwap allow transfers within a single blockchain.

Upgradation is necessary and is inevitable. Though all of these technological advancements are new, they still require updating. One such update is Hashbon Rocket, which, theoretically saying, is the newest generation of decentralized exchanges. Hashbon Rocket enables the cross-chain exchange as it supports the exchange of any ERC-20 token for any BEP-20 token and vice versa. This is what you call a true decentralized cross-chain exchange.

The Inception of Hashbon Rocket

Founded back in the year 2016, the major purpose of Hashbon Rocket is the transformation of the crypto-payment centralized finance market for all. In 2021, the company made an announcement regarding the expansion of the services of the company to the Hashbon Rocket FiRe ecosystem that stands for Finance Reinvented and launched CDEX, Hashbon Rocket. In February 2021, Hashbon Rocket issued 1,000,000,000 HASH tokens enabling their users to gain access to special features. On August 5, 2021, Hashbon Rocket successfully managed to launch the Pre-Sale and made an announcement that its soft cap has reached USD 500,000.

The Process of Exchange of ERC-20 Tokens to BEP-20 Tokens

Most probably now, you must be thinking about how Hashbon Rocket makes it possible for individuals to transfer ERC-20 and BEP-20 tokens. Well, it should be noted that the Hashbon Rocket system is utilized by a liquidity provider to set the trading pair that ensures the transfer between two blockchains with the use of smart contracts.

Following this, the client will then be transferring tokens to one chain and will be getting tokens from another chain with the network of Arbiters then validating the deal and carrying out any needed communication required across the chains.

What Special Hashbon Rocket Got?

Talking about the advantages of Hashbon Rocket over its rivals, there are several perks of using Hashbon Rocket instead of other decentralized exchanges. 

  1. No commission for processing crypto payments

  2. Extends support to over 30 major cryptocurrencies and the number is rising gradually

  3. One day integration with only one line of code

  4. Huge payouts allowed involved cross-border transactions and freelance ones

  5. Non-avoidable internal checks before any transaction for fraud-detection

  6. Supports more than 5 languages

  7. Safe environment and follows standard European AML Policy

    8.  

    Apart from this, the major advantage of Hashbon Rocket is its capability to allow exchanges across multiple blockchains. Classic decentralized exchanges like Uniswap, PancakeSwap, and other exchanges support only single blockchain transfers. 

    In addition to this, we should lay an emphasis on the fact that Hashbon Rocket allows anyone to become an arbiter and begin voting on transactions, ultimately making the system completely decentralized. Moreover, Hashbon Rocket allows its users to extend support to an unlimited number of tokens, which is a distinct feature in itself.

    Learn More About HASH Token

    HASH token is the one that represents this project and it has several use cases on the platform. As revealed, at the time of exchanging tokens present on two varying blockchains, the user is required to pay the exchange commission in HASH tokens.

    You will be advantageous over other arbitraries if you buy more HASH, as the more HASH you hold, the more weightage would be given to your vote. On the other hand, there are stakers, who stake their tokens to receive a consistent return on their asset.

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    Hashbon Rocket: Know Everything About the Real Decentralized Cross-Chain Exchange
    Sujit Kumar
    Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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